The Role of Energy in Sustainable Growth: Turkey's Resource Abundance-Energy Scarcity Paradox

Fatma Rabia Aktaş Şenkardeşler
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Fatma Rabia Aktaş Şenkardeşler: Beykoz University

Journal of Finance Letters (Maliye ve Finans Yazıları), 2021, vol. 36, issue Special2, 145-172

Abstract: Renewable energy resources have become important for all countries due to the fact that fossil fuels, which are disproportionately distributed around the world, will one day run out and they cause damage to the environment. The aim of this study is to prove empirically that Turkey does not make enough use of its own energy potential and therefore its growth can not be sustainable because it continues to produce with inert capacity. For this purpose, the causal relationship between electricity consumption and economic growth was investigated. According to the results of the Granger causality test, it was found that there was no causal relationship between net electricity consumption and economic growth rates in Turkey during the period studied.

Keywords: Sustainable Growth; Renewable Energy; Electricity; Error Correction Model; Causality (search for similar items in EconPapers)
JEL-codes: E00 F43 O43 O44 O47 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:acc:malfin:v:36:y:2021:i:special2:p:145-172

DOI: 10.33203/mfy.844003

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